# Bond Calculator

> Calculate the theoretical price and current yield of a bond based on its coupon rate and yield to maturity.

Page: https://askcalculators.com/calculator/bond-calculator/
Definition: https://askcalculators.com/calculator/bond-calculator/definition.json
JSON Schema: https://askcalculators.com/calculator/bond-calculator/schema.json
Version: 7.0.0
Maintained by: AskCalculators (software project; not a credentialed reviewer)
Qualified review: pending. Automated checks do not establish professional approval.
Page status: Live
Review status: Pending

## Use
Open the calculator page and enter values. Query-string parameters can restore and bookmark a calculation.
Example: https://askcalculators.com/calculator/bond-calculator/?faceValue=1000&couponRate=5&yearsToMaturity=10&ytm=4

## Inputs
- faceValue: Face Value (Par); type=number; optional; default=1000
- couponRate: Annual Coupon Rate; type=number; optional; default=5
- yearsToMaturity: Years to Maturity; type=number; optional; default=10
- ytm: Yield to Maturity (Market Rate); type=number; optional; default=4

## Outputs
- result: Result; format=text; primary

## Formula
Coupon payment = face value × coupon rate ÷ payments per year; price is the present value of coupons plus the present value of face value at maturity.

## Rules
- Empty optional inputs are undefined, not zero.
- Hidden conditional inputs are ignored.
- Do not invent missing required inputs.